For every million rand that you owe on a home loan for example, your repayments have reduced by around R500 since September last year.

On Thursday it was announced that Eskom will be increasing electricity costs by 12.7% from 1 April, as well as by another 5.36% and 6.19% in the following two financial years. While it is less than ...

South Africa needs a credible plan to stabilise and reduce debt or it risks economic stagnation and financial instability.

The IMF acknowledged progress in banking resolution and safety-net reforms and commended macro-prudential measures designed to bolster capital buffers.

The interest rate cut has been decision has been hailed as a timely lifeline for consumers grappling with debt.

Reserve Bank Governor Lesetja Kganyago has announced a 25-basis-point rate cut for South Africa, lowering the prime lending rate to 11%—the third consecutive reduction by the Central Bank. This move ...

Clarence Nethengwe has been appointed CEO of OM Bank effective immediately. In a statement, Old Mutual said the bank received ...

These economists have reason to believe that the current rate-cutting cycle will only really continue until mid-2025.

South Africa's rand gained on Thursday after data showed U.S. economic growth slowed in the fourth quarter, while the South ...

South Africa's central bank trimmed its main lending rate as expected on Thursday, its third cut in a row, but it placed ...

South Africa's central bank on Thursday said it would cut its benchmark interest rate amid a stable near-term outlook for inflation in Africa's largest economy.

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